- Can I Transfer In-Kind Assets Into a Roth IRA?
- Can I Transfer Funds From My Brokerage Account Direct to a Roth IRA?
- Can Earnings From After-Tax Money Be Rolled Over to Another Retirement Account?
- Who Is an IRA Transfer Custodian?
- How to Convert Roth IRAs Into Real Estate
- Can I Contribute After-Tax Dollars to a Roth IRA?
An Individual Retirement Account (IRA) offers different investment options for contributions, including investing in stocks. Because IRAs only accept cash contributions, you cannot transfer stocks outside of a retirement account to an IRA. You would need to liquidate the stocks and deposit the proceeds. Stock transfers to an IRA are only accepted when the transfer is coming from an existing IRA or from an employer's qualified retirement plan, such as a 401(k).
Establish an IRA. You can open a traditional or Roth IRA, depending on your needs. A traditional IRA is a tax-deferred account, while a Roth IRA requires you to pay taxes on the money when it's deposited into the account.Step 2
Request an "in-kind" transfer to move stock held from your current retirement account to the new IRA. The stocks held in your existing IRA or 401(k) are transferred directly, eliminating the need to liquidate the stocks. You can complete an in-kind transfer if the type of investment you own is available at both financial institutions. Most stocks are available at all brokerages.Step 3
Complete a transfer request form provided by the new IRA. Fill out your name, address, Social Security number and date of birth. List the current IRA custodian's name, address and phone number. Provide the transferring IRA account identification number. The form will ask for a description of the assets you want to transfer. You have the option to liquidate at maturity, liquidate immediately or transfer in-kind. By indicating you want an in-kind transfer instead of converting to cash, the transfer is not taxed.